Why I love Monday's trading ? In this video I am going to show you strategy which I am using for Monday's trading! After watching this video you will know, why I love Monday's!
Every Monday key levels are ready for my scalping strategy and for me it is the most important daytrading day. Is not it perfect when I am done with trading on the start of week ?
📲Tools I use :
✅Price Action
✅VWAP
✅Orderflow
✅Support and Resistance tool
✅Value Area key levels
❗️Dont be afraid to ask me anything.
More descriptions about my trading.
🎉Every day I publish my intraday analysis and key daily, weekly levels based on the MarketProfile method.
For the indicator that shows you my levels directly in your chart, write me in a comment.
❗️Now I'll show you how I trade Long/Short levels and how you can trade them with me.
📲In the chart you can see Long / Short levels into which I enter directly through the limit and then I control them based on the volume . If the market does not respect the level and starts to form a volume in the negative zone, I try to end the position at the breakeven point or stoploss. I set the Profit Target according to RRR or according to key levels and S / R zones. These levels can also be traded from the other side, support becomes resistance and vice versa.
Key levels are usually traded by waiting for confirmation or some setup on a smaller TF. These are very strong levels at which turnovers often occur, so they consider them to be very successful and the advantage is that they are based on the Market Profile method, so they can trade in any market.
❗️First of all, when I have the level ready, I have to set a Stoploss.
Stoploss is determined by several criteria. First of all, it must not be too far away and also it must not be in an area that serves as a magnet such as POC , Key Levels or a stoploss zone, where the market will run out of liquidity.
Summary:
Stoploss determined by.
✅1. Pivot High / Low
✅2. Logical zone according to VolumeProfile
✅3. Low Volume Node and High Volume Node
✅4. Outside of key levels
Hope It helps!
Keylevels
Bull market - what bull market?In the screencast I show hard evidence from the chart refuting media reports which say that a bull market on Wall Street is back. This evidence is available to everybody.
There has been a bull rebellion over the lat 4 weeks but that doesn't mean that this is a bull market - at all!
If you're a forex trader or stock trader this is important. Why because what happens on Wall street affects currencies and stocks all over the world.
I am clear that I do not recommend trading a weekly time frame to most people. The situation on the weekly is relevant to most of us who trade on much lower time frames. So yes - I'm shorting on lower time frames (which is not a recommendation to others).
WALL STREET: Key levels and outlook for the next few weeks.I overview what are some of the possibilities and probabilities over the next few weeks for Wall Street. I compare again the current situation with that of around 2008.
Preliminary action on small time frames on Weekend Wall Street, do not look exciting for a trip north on Monday. We shall have to wait and see, as Mr Trump often says.
I do not know what's going to happen. Nothing here is a prediction.
Nothing that happened in 2008 rules what may happen the near future.